LA QUINTA INN & SUITES BEND
61200 SOUTH HIGHWAY 97,
BEND, OR 97702
 
65
Total Rooms
$782,465
NOI
34,154
Building SF
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65
Total Rooms
$782,465
NOI
34,154
Building SF
Investment Summary
Sudhir “Sid” Tewari & Sheil Stampwala of T&S Hotel Advisors is pleased to present for sale the lease-hold interest (33 years remaining), 65 Unit, interior corridor La Quinta Inn & Suites located in the resort town of Bend, OR. This beautiful hotel is located right off South Highway 97 in the city and is close by to many of the town's major attractions. Bend attracts visitors year-round as it has a variety of reasons to visit. Known for its local beauty, craft brewery's, fine dining, and art exhibits. Bend averages over 300 days of sunshine throughout the year, and with tons to do and see, the towns visitors often keep finding reasons to come back time and again.
The property has been extensively renovated and PIP requirements have been satisfied. This is a solid opportunity for an investor to acquire a beautiful property in a resort destination and improve revenues to capitalize on a recovering post-covid economy. Currently the hotel is owned by first-time, hands-off owners, and being operated by a 3rd part management company. With the completion of the property renovation and a more hands on approach, a buyer will be able to improve margins and command higher ADR's. The seller is motivated, and willing to meet market.
Location
Bend, Oregon is the county seat of Deschutes County, in Oregon. Located on the eastern side of the Cascade mountain range, in central Oregon. What was originally founded as a logging town has turned into a premier destination for those who appreciate the great outdoors. With pristine beauty and crystal clear waters, there is no shortage of things to do in Bend, Oregon. Be it hiking the largest beer trail in the west, the Bend Ale Trail, or stopping at an art exhibit on your way to one of Bends award winning restaurants, Bend holds a spark that keeps visitors returning and is known as a favorite destination for many.
Catering to both those with higher end tastes, and families stopping by for a more blue-collar visit, Bend has everything from Spas where you can catch a massage, to cave tours of ancient lava tubes, and Museums such as Bend's High Desert Museum. Bend is also known as the Craft Beer Capital of the west, where many local brands feature water from the local mountains in the Brewing Process.
Be it for appreciating the beauty of the area, experiencing some of the indulgent luxuries the town has to offer, or enjoying good old fashion outdoor recreation which the area is great for, Bend holds top tier options for those who make time to visit the town.
FOR MORE DETAILS CONTACT
Sheil Stampwala
Managing Director
(714) 242-8291
sheil@tshoteladvisors.com
CA 01859094
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